Hecla Mining Company (NYSE:HL)‘s stock had its “hold” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued on Thursday, September 7th. They presently have a $5.00 target price on the basic materials company’s stock. Canaccord Genuity’s price target would suggest a potential downside of 1.19% from the stock’s current price.
Several other brokerages have also recently commented on HL. Royal Bank Of Canada reiterated a “hold” rating and issued a $6.00 target price on shares of Hecla Mining in a report on Tuesday, May 30th. ValuEngine upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Friday, September 1st. HC Wainwright reiterated a “buy” rating and issued a $8.00 target price on shares of Hecla Mining in a report on Sunday, June 25th. TheStreet upgraded shares of Hecla Mining from a “c+” rating to a “b” rating in a report on Monday, June 12th. Finally, Zacks Investment Research cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.43.
Shares of Hecla Mining (HL) traded down 0.59% during trading on Thursday, hitting $5.06. 12,740,959 shares of the company traded hands. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 41.14 and a beta of 0.40. The firm has a 50 day moving average price of $5.13 and a 200-day moving average price of $5.31. Hecla Mining has a one year low of $4.61 and a one year high of $7.64.
Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.05). Hecla Mining had a return on equity of 2.56% and a net margin of 7.88%. The firm had revenue of $134.30 million during the quarter, compared to analyst estimates of $130.54 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. The business’s quarterly revenue was down 21.6% compared to the same quarter last year. Analysts predict that Hecla Mining will post $0.06 EPS for the current year.
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Hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its holdings in shares of Hecla Mining by 27.8% during the first quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 4,384 shares during the period. Trexquant Investment LP acquired a new stake in Hecla Mining in the second quarter valued at approximately $124,000. Eqis Capital Management Inc. acquired a new stake in Hecla Mining in the first quarter valued at approximately $144,000. Pacad Investment Ltd. lifted its stake in Hecla Mining by 10.4% in the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock valued at $140,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in Hecla Mining by 148.1% in the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock valued at $142,000 after acquiring an additional 16,561 shares during the last quarter. Institutional investors and hedge funds own 59.36% of the company’s stock.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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